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As of January 2024, the real estate market in Greenwich Village witnessed a rise in the median sale price of homes, reaching $1.6 million, which marks a 4.4% increase from the previous year. However, there was a slight decline in the median sale price per square foot, now at $1,240, down by 3.9% compared to last year. This trend suggests a complex market dynamic in Greenwich Village. While the overall value of homes is rising, the reduction in price per square foot could indicate changes in the types of properties sold, such as larger homes becoming more prevalent in sales, or a shift in buyer preferences towards more spacious properties.
Median Sale Price
Median Sale Price per Sq. Ft
# of Homes Sold
Median Days on Market
In January 2024, the real estate market in Greenwich Village displayed a noticeable upward trend, with home prices increasing by 4.4% compared to the previous year, reaching a median selling price of $1.6 million. This increase suggests a growing demand or a shift towards more high-value properties in the area. However, the time homes spent on the market before selling extended to an average of 112 days and the number of homes sold in January also experienced a slight decrease.
This decline in sales volume, alongside the increase in prices and longer selling times, could reflect a more competitive market, where buyers are willing to pay a premium for select properties, but are taking longer to make purchasing decisions.
Opting for real estate in Greenwich Village, NYC, means embracing a blend of historical allure, vibrant culture, and peaceful urban living. The neighborhood, rich in artistic history and architectural variety, offers a lively yet serene environment with its tree-lined streets and lush parks. Residents enjoy a diverse range of dining and entertainment options, making it an ideal choice for those seeking a dynamic yet tranquil lifestyle in the heart of Manhattan.
Working with me to acquire a property in Greenwich Village provides you with an expert ally in one of NYC's most dynamic real estate markets. My specialized knowledge of the Village's unique blend of historical and contemporary properties, combined with a deep understanding of its cultural and artistic heritage, ensures you receive tailored advice and insights.
My commitment to personalized service and client satisfaction will help you navigate this sought-after market efficiently and effectively, making your real estate journey in Greenwich Village as seamless and successful as possible.
Having lived and worked in New York City for more than 30 years, I offer experience of the all-important, yet often imperceptible, nuances of each neighborhood. Finding the city's hidden gems is one of my greatest passions, and am driven by creating real value on behalf of my grateful and loyal clientele.